Tax Documentation Checklist
- W2s and record of other income (Forms 1099):
- interest and dividend income
- self-employment earnings
- unemployment compensation
- refunds of state income taxes
- social security benefits
- pension income
- Report of gross proceeds from the sale of stocks & bonds (Form 1099-B), as well as the date you purchased the fund, fund’s cost, dividends reinvested, and any return of principal.
- Rental property income and expenses.
- K-1s from partnerships & S-Corporations
- “Traditional” IRA contributions made during the tax year, and prior to April 15th of the next year.
- Health Coverage Statement (1095-A, 1095-B, 1095-C)
- Mortgage Interest paid (Form 1098)
- Itemized Deductions:
- Charitable Contributions
- Medical expenses & insurance (if greater than 7.5% of your income)
- Job-related expenses not reimbursed by your employer (travel, meals, supplies, auto mileage, entertainment, office in the home, etc)
- Job Search Expenses
- Union Professional dues, education/seminars; subscriptions, licenses, safety deposit box. Margin Interest Paid
- Tax Preparation Fees paid for prior year
- Child Care expenses, and tax ID number of the day care facility
- Adoption expenses paid during the year
- Moving expenses (if new job involved, and 50 mile distance test met).
- Estimated tax deposits/payments made for the year (Form 1040-ES)
- Purchase & Sale of a residence- please bring the following:
- Closing/Settlement statement on the new home you purchased during the tax year
- Closing/Settlement statement on the home you sold during the tax year
- Alimony received or paid
- Self-Employment expenses (advertising, auto mileage, commissions, insurance, interest, office supplies, rent, repairs, taxes, travel, wages, etc.)
- Copy of prior year federal and state tax returns (if prepared by a different accounting firm)
- Names, dates of birth, and social security numbers for all members of your household and dependents not living with you.
- Broker’s Statement of tax-exempt income.
- Student Loan interest paid
- College Tuition & Fees paid (for Hope or Lifetime Education Credit)
- Child tax credit for children under age 17
- IRA conversion to ROTH statements.
Do you need assistance with income tax returns, developing a tax strategy or have tax compliance issues? Contact us today to set up an in-house or virtual meeting with one of our experts who can get you on the right path.
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